ACC117 - Notes
ACC117 - Notes
1. Types of journals
Opening/closing entries
2. Adjustments for Financial Statements (SOPL – Expenses & Revenue & SOFP
– A = C + OE)
Accruals and Prepayments (+/-)
3. Items in the firm’s cash book (CRJ & CPJ) not yet entered in the Bank
Statement.
a. Unpresented cheques – sudah record dalam cash book tapi belum
dibentangkan di bank untuk bayaran. (Cheques paid out)
b. Uncredited cheques - deposit money/terima cheques. (Cheques
received)
c. Errors made by the bookkeeper.
4. Items in the Bank Statement not yet entered in the firm’s cash book (CRJ &
CPJ).
a. Withdrawals
b. Standing orders - Instruction to the bank to make regular payments.
c. Dishonoured cheques - cheques which were rejected (cannot be cash
out) by the bank due to insufficient amount of fund.
d. Deposits/Credit Transfer - bank boleh mengumpul wang terus daripada
pelanggan firma bagi pihak firma, menerima dividen ke atas pelaburan
bagi pihak firma atau membayar faedah ke atas deposit, kepada firma.
e. Errors made by the bank.